XRPUSD has been consolidating in a triangle since the ATH. It is now nearing the point of the triangle and I expect it to break to the upside. I am basing this on the strength of the previous bounces when price has hit the bottom of the triangle and the fact that the prevailing trend is very bullish.
The point of the triangle corresponds with a level of triple confluence on the fibs, so this will act either as strong support or resistance. A bounce or breakdown through that level is likely to be important. If it exits the top of the triangle there is another, larger triangle to consolidate within. I expect it will retrace then make an impulsive, bullish wave.
I invite any comments,
Jack